Early start to deposit scheme announced as government builds case for housing policy in new Parliament

The government has already pledged to pause changes to the National Construction Code to accelerate housing supply - and now they are fast-tracking their expansion of the First Home Buyer Guarantee. While the expansion is being praised for widening access to the property market, critics say it will drive up property prices if not paired with a boost in supply.

Prime Minister Anthony Albanese with Lachlan Baker, Abbey Woods and “Chilli” the dog at a new housing estate in Lawson in Canberra, Monday, August 25, 2025. Source: AAP / MICK TSIKAS/AAPIMAGE